Goldman Sachs downgrades $TSLA stock to "neutral" from "buy"...
Goldman Sachs downgrades $TSLA stock to "neutral" from "buy" and slashes PT to $185 from $248, reflecting a 28% downside to stock's last closing price
GS is the fourth brokerage to downgrade Tesla stock in the past week.
GS believes the market is now giving the stock more credit for its longer-term opportunities; believes the difficult pricing environment for new vehicles will continue to weigh on Tesla's adjusted gross margin this year
- via Reuters
GS is the fourth brokerage to downgrade Tesla stock in the past week.
GS believes the market is now giving the stock more credit for its longer-term opportunities; believes the difficult pricing environment for new vehicles will continue to weigh on Tesla's adjusted gross margin this year
- via Reuters
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72874510 : Obvious attack on Elon. Tesla is doing great. They all turned against it after making ton of money on it. They want to take it down for more buying. Rigged market
生生世世生生世世 : Goldman Sachs? Just a basket player
ZnWC : I think you get it wrong. GS raised the target price from USD 185 to USD 248.
It's common for analysts to downgrade a stock when there's a correction. Tesla share price was about USD 180 a month ago. Usually they will balance the view by raising the target price if the stock is still worth holding.
Source:
Tesla shares are trading lower after Goldman Sachs downgraded the stock from Buy to Neutral but raised its price target from $185 to $248. - Tesla (NASDAQ:TSLA) - Benzinga